Key Indian equity market indices open higher

The key Indian equity market indices on Thursday opened higher after it had scaled record highs.

The Sensitive Index (Sensex) of the BSE, which had closed at 33,600.27 points on Wednesday, opened higher at 33,615.84 points.

Minutes into trading, it was quoting at 33,620.62 points, up by 20.35 points, or 0.06 per cent.

At the National Stock Exchange (NSE), the broader 51-scrip Nifty, which had closed at 10,440.50 points, was quoting at 10,443.20 points, up by 2.70 points or 0.03 per cent.

Key Indian equity indices on Wednesday scaled record highs yet again as positive global cues, coupled with a strong rupee and robust buying activities in banking, metals and FMCG stocks, gave a boost to investor sentiments.

According to market observers, expectations of upbeat quarterly results, as well as the latest report that India for the first time has moved into the top 100 in the World Bank’s Ease of Doing Business global rankings riding on sustained government reforms, added to the upward trajectory of the indices.

The Sensex was up by 387.14 points or 1.17 per cent at the Wednesday’s closing.

In the day’s trade, the barometer 30-scrip sensitive index had touched a high of 33,651.52 points and a low of 33,340.62 points. The Nifty too was up by 105.20 points or 1.02 per cent.

On Thursday, Asian indices were mostly showing a mixed trend.

Japan’s Nikkei 225 was trading in green, up by 0.26 per cent, Hong Kong’s Hang Seng was down by 0.09 per cent, while South Korea’s Kospi was down by 0.34 per cent.

China’s Shanghai Composite index was also quoting in red, down by 0.53 per cent.

Nasdaq closed in red, down by 0.17 per cent while FTSE 100 was also down by 0.07 per cent at the closing on Wednesday.

Laid Foundation Stone for Construction of Two Storm Water Drains and Development of Parks in ABD Area Under Smart City Mission in Visakhapatnam City. Sri.Velagapudi Ramakrishna Babu, MLA Visakhapatnam East Constituency took part in the Program. pic.twitter.com/5j9wuzFZc4